GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? Why it may not be a good idea
The Goods and Services Tax (GST) Council has brought good news for all insurance consumers. GST rates for insurance have been reduced from 18% to nil, bringing relief to policyholders. This has led some consumers to consider delaying premium payments. If you are planning to delay payment of your premium after September 22 to get…